LEGACY FAMILY MINISTRIES (EIN 742736222) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Principal Officer

DR BYRON WEATHERSBEE

Phone

2549332300

Tax Period

2023-01-01 to 2023-12-31

LEGACY FAMILY MINISTRIES, founded in 1995, is a small nonprofit in the Religion sector that reported $455K in total revenue in fiscal year 2023. Revenue surged 97% from the prior year, signaling strong growth momentum. The organization ran a surplus of $183K, a strong 40% operating margin.

Mission

TO PASS ON GOD'S PRINCIPLES FROM ONE GENERATION TO THE NEXT

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $394,510

Program Service Revenue $23,276

Investment Income $37,064

Other Revenue $0

TOTAL REVENUE $454,850

Expense Breakdown

Grants Paid $4,500

Salaries & Benefits $198,543

Fundraising Expenses $14,014

Program Expenses $203,998

Other Expenses $69,002

TOTAL EXPENSES $272,045

Year-over-Year Comparison

	2023	2022	Change
Revenue	$454,850	$231,072	+1.0%
Expenses	$272,045	$294,871	-0.1%
Net Income	$182,805	$-63,799	-3.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$93,908

Total Directors

$126,849

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR BYRON WEATHERSBEE	PRESIDENT	40.00	Officer Director	$38,900	$55,008	$93,908
CARLA WEATHERSBEE	DIRECTOR	40.00	Director	$32,941	$0	$32,941
CINDY JANECKA	DIRECTOR	N/A	Director	$0	$0	$0
DARRELL JANECKA	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
KEVIN RHEA	DIRECTOR	N/A	Director	$0	$0	$0
LESLIE RHEA	DIRECTOR	N/A	Director	$0	$0	$0
KIM SCOTT	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
BRAD WILSON	DIRECTOR	N/A	Director	$0	$0	$0
KENDRA WILSON	DIRECTOR	N/A	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$454,850	$272,045	$706,572	$182,805
2022	$231,072	$294,871	$522,665	$-63,799
2021	$399,148	$273,745	$590,256	$125,403
2020	$348,809	$273,832	$423,664	$74,977

LEGACY FAMILY MINISTRIES